ESOP · DOL Form 5500 · 2024

Foster Electric Company, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
23
Participants Small participant base
43rd
Percentile by assets National rank
$228,494
Avg per participant Above avg balance/head
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Official DOL plan name: Foster Electric Company, Inc. Employee Stock Ownership Plan · Sponsored by Foster Electric Company, Inc. · Virginia · Wholesale Trade

$5M in assets, 23 participants

Foster Electric Company, Inc.'s Foster Electric Company, Inc. Employee Stock Ownership Plan reported $5M in total assets and 23 participants in its 2024 DOL Form 5500 filing, ranking in the 43rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,985 in Wholesale Trade (6,080 peers)

Foster Electric Company, Inc. multi-year trail

Foster Electric Company, Inc.'s plans moved +23.0% in assets from 2022 to 2024; this filing shows Foster Electric Company, Inc. Employee Stock Ownership Plan at $5M / 23 participants.

#1,985
in Wholesale Trade (6,080 peers)
+3.7%
assets growth YoY

Foster Electric Company, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Wholesale Trade and all filers

Foster Electric Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$5,255,357 43rd percentile higher than 43% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Foster Electric Company, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Foster Electric Company, Inc. Employee Stock Ownership Plan is a small filing (23 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Foster Electric Company, Inc. Employee Stock Ownership Plan reported net income fell from $799K in the plan year 2023 filing to $173K in the plan year 2024 filing.
  • Foster Electric Company, Inc. Employee Stock Ownership Plan reported participants rose from 22 in the plan year 2023 filing to 23 in the plan year 2024 filing.
  • Foster Electric Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 540839555 · Foster Electric Company, Inc. PY 2024 · ESOP

Foster Electric Company, Inc. Employee Stock Ownership Plan · $5M · 23 · 43rd

  • PART $5M
  • TYPE 23
  • NET 43rd
  • BOOK ESOP
  • VS-ST near Bardenay, Inc. Retirement Plan
  • BOY ind #1985

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Virginia →

Foster Electric Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Foster Electric Company, Inc. Employee Stock Ownership PlanFoster Electric Company, Inc…$5MStanley Tree Service Employee Stock Ownership PlanStanley Tree Service Employe…$5MBardenay, Inc. Retirement PlanBardenay, Inc. Retirement Pl…$5MDesman, Inc. Employee Stock Ownership PlanDesman, Inc. Employee Stock …$5MSain Engineering Associates, Inc. Employee Stock Ownership PlanSain Engineering Associates,…$5M
End-of-year total assets ($M) among Foster Electric Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Foster Electric Company, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Foster Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 23.034150836411516% vs 2022
2024 filing year
$4M$4.5M$5M$5.5M 202220232024 $4.27M $5.26M ▲ +23.2%
Year Plans Participants Total Assets
2022 1 18 $4M
2023 1 22 $5M
2024 1 23 $5M

Foster Electric Company, Inc. filing trail (2024)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income$173K
Employer EIN540839555
Plan Effective Date2005-06-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Foster Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Foster Electric Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.005255357 · Participants: 23Foster Electric Company, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee Stock Ownership PlanDelta Star Employee Stock Ownership Plan, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companies, Inc. Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.380000537 · Participants: 458New River Electrical Corporation Employee Stock Ownership Plan
Foster Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Foster Electric Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Foster Electric Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Bardenay, Inc. Retirement Plan in ID ($5M); by covered participants it is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (23 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Foster Electric Company, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Foster Electric Company, Inc. Employee Stock Ownership Plan edged up modestly - up 3.7% during 2024, from $5M to $5M. Reported net income was $173K.
How have Foster Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Foster Electric Company, Inc.'s sponsor-wide assets grew 23.0%, from $4M to $5M.
Which ESOP plans are similar in size to Foster Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Bardenay, Inc. Retirement Plan in ID ($5M, 133 participants).
Which ESOP plans cover a similar participant headcount to Foster Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540839555.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.